“Our members continue to grow at a healthy rate even as gaming experts predict the Northeast market is near or at its saturation point,” said association President James D. Featherstonhaugh in a statement.

More than $1.2 billion of total revenue went to the state in the fiscal year that ended March 31. That was an increase of $267 million over the prior state fiscal year.

New York keeps two-thirds of every dollar generated by the racinos, which operate through the state Lottery Division. Most of the money goes to schools.

The portion of the gambling money directed to the state's horse-racing industry was about $216 million, the association said.